More Californians able to afford homes

Lower home prices and interest rates led to an increase in home affordability in the third quarter, the CALIFORNIA ASSOCIATION OF REALTORS® reported. Making sense of the story: The percentage of California households that could afford to purchase a median-priced home of $292,120 rose to 52 percent in the third quarter, up from 51 percent …

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Existing-Home Sales Rise Unexpectedly in October

Sales of previously owned homes got an unexpected boost last month while the number of homes on the market continued to decline, according to data released Monday by the National Association of Realtors (NAR). The trade group recorded a 1.4 percent month-over-month increase in existing-home sales in October, pushing the annual rate of sales to …

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O.C. house payments at 8-year low

If we were to go strictly by house payments, the cost of buying an Orange County home is now the lowest it’s been in eight to 11 years. The monthly mortgage payment for all housing types has dropped to its lowest level since September 2003, according to recent figures from DataQuick Information Systems. And O.C. …

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Americans Consider Housing Policy in 2012 Election

As Americans consider the best candidates for the 2012 presidential and congressional elections, housing is at the forefront of the debate for many. About 70 percent of Americans say a candidate’s position on housing could sway their vote, according to a survey released Tuesday by Move, Inc. However, Americans differ in their views of what …

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